Adding money to credit card pay for an extention

Ro

Hi
I don't use credit cards much but am having a conservatory to built and want some form of insurance if the company goes out of business or the build is faulty. Is it better to pay on credit card (am I right in thinking this will provide protection?). Also my credit card limit is much less than the cost of the extention. I have funds available in the bank  - can I  transfer these to the credit card so that it has positive available balance? I would then be able to pay the full amount via credit card.
This is my first post so thank-you for reading! Any replies much appreciated.

bradders1983

You can pay whatever you want onto a credit card but dont keep a huge credit balance on there too long as they may refund it back to you automatically.

bonkersbonkers1

You need only put 1p on a credit card to get S75 protection.
If you put your credit card in credit it might get blocked as they are not devised to run in credit.
Make sure that your invoice and credit card receipt show the exact same person or company.
If they don't match you will have a battle to get anything back under S75.

Ro

Thanks bonkersbonkers. So if you put a small amount (1p) you can still reclaim the full amount if something goes wrong - eg a 10k kitchen?

McKneff

Ask the company if they do indeed take credit cards, 
Lots dont

born_again

Just how much is the extension? As that could make S75 invalid.
Anything over £30K (total cost) is not going to be covered.

MalMonroe

Ro said:

Thanks bonkersbonkers. So if you put a small amount (1p) you can still reclaim the full amount if something goes wrong - eg a 10k kitchen?

NO! Stop!

You need to spend at least £100 on whatever it is you're buying or paying for. Even if you only pay the deposit for, say a new kitchen or in your case, an extension. Don't go thinking you only need to spend a penny (oh! not that kind of spend a penny!! lols). You need to spend £100. Then if it all goes pear shaped, you can certainly claim under Section 75. In fact, that's a good idea you have, buy it on your credit card as your limit can take it and then you can simply pay it off with the money you have in your bank account. Then you will have the protection.

Section 75 is great, I used it a couple of years ago when I bought a faulty car and the dealer wouldn't do anything about it. I ended up with the full cost of the car as well as compensation for all the trouble and messing about he caused just by not taking back the faulty car. Served him right but I came out of it well, I thought. Well worth using a credit card in this way, especially as you intend to pay back quickly. 

P.S. Don't pay into your credit card in advance, you should have at least 5 weeks to clear the balance, after you've paid your conservatory bill, which Martin, as we know, always advises to pay off in full.

MalMonroe

McKneff said:

Ask the company if they do indeed take credit cards, 
Lots dont

Ha ha!! Most companies do nowadays. We're in the 21st century now!!

MalMonroe

bonkersbonkers1 said:

You need only put 1p on a credit card to get S75 protection.
If you put your credit card in credit it might get blocked as they are not devised to run in credit.
Make sure that your invoice and credit card receipt show the exact same person or company.
If they don't match you will have a battle to get anything back under S75.

That's not true. Giving people that kind of information is wrong and very misleading. I think the OP means to put the cost of the extension on their credit card and then pay that back with the money they have. They won't battle at all to get anything back under Section 75, where have you got this information from???  I used Section 75 to recoup losses over a faulty car. No problems whatsoever. And of course you keep invoices, etc., or should do, when you make a major purchase anyway. 

jim1999

MalMonroe said:

Ro said:

Thanks bonkersbonkers. So if you put a small amount (1p) you can still reclaim the full amount if something goes wrong - eg a 10k kitchen?

NO! Stop!

You need to spend at least £100 on whatever it is you're buying or paying for. Even if you only pay the deposit for, say a new kitchen or in your case, an extension. Don't go thinking you only need to spend a penny (oh! not that kind of spend a penny!! lols). You need to spend £100. Then if it all goes pear shaped, you can certainly claim under Section 75. In fact, that's a good idea you have, buy it on your credit card as your limit can take it and then you can simply pay it off with the money you have in your bank account. Then you will have the protection.

Section 75 is great, I used it a couple of years ago when I bought a faulty car and the dealer wouldn't do anything about it. I ended up with the full cost of the car as well as compensation for all the trouble and messing about he caused just by not taking back the faulty car. Served him right but I came out of it well, I thought. Well worth using a credit card in this way, especially as you intend to pay back quickly. 

P.S. Don't pay into your credit card in advance, you should have at least 5 weeks to clear the balance, after you've paid your conservatory bill, which Martin, as we know, always advises to pay off in full.

If you're going to tell people that they're wrong, at least back up your argument with sources.  You are disagreeing with a position that is fully back up by sources - they are correct that 1p is sufficient on a 10k kitchen.

"A trick to help – pay the deposit by credit card and you're covered

The law's specific on this, you get the protection for the whole cost of an item or service, even if you only pay for a part of it – even just 1p would count – on credit. The only condition is that what you're buying costs more than £100 and less than £30,000."
https://www.moneysavingexpert.com/shopping/section75-protect-your-purchases/#deposit

"However, to claim under Section 75 you don't have to have paid more than £100 or the full amount on your credit card – the card company is liable even if you made only part of the payment (a deposit, say) on your card.

It's the value of the goods you're buying that is key - not the amount paid on the card.

For example, if you ordered a new sofa from a furniture store and paid a £60 deposit with your credit card and the balance of £600 by cheque, you would be covered for the whole £660 if the dealer went out of business and you didn't get your sofa."

https://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act

msallen

MalMonroe said:

That's not true. Giving people that kind of information is wrong and very misleading.

Three consecutive posts all with attitude and all wrong. You must be so proud of yourself Mal.